Pair to provide strategic advisory, investment sales, leasing transactions services to institutional owners, borrowers, capital providers
JLL has hired David Sitt and Eliott Zeitoune as vice presidents with JLL Capital Markets in New York. They will provide strategic advisory services for institutional owners, borrowers and capital providers, as well as investment sales in the greater New York market. Zeitoune and Sitt will work with Aaron Appel, vice chairman and head of debt and equity finance, with JLL Capital Markets in New York.
“David Sitt and Eliott Zeitoune are consummate professionals with strong backgrounds in representing the needs of clients in a wide variety of industries,” said Appel. “Within just a few months, the pair have been involved in the origination of nearly $1 billion in debt and equity. Given such a strong start, we expect David and Eliottto serve an important role in further expanding JLL’s presence in the market.”
Prior to joining JLL, Sitt, 51, was founding partner of Sitt Ventures, a real estate brokerage firm. Before that, he was an investor in Wharton Realty Group Inc. and a partner with Blitzz International.
Sitt has studiedbusiness law and real estate at New York University, and accounting and finance at Pace University.He is a licensed real estate sales person in New York.
Sitt founded The Sephardic Food Fund in 2001. The organization distributes funds through JP Morgan Chase Visa credit cards that are only accepted in supermarkets and groceries stores. Starting with $50,000 in 2002, it has grown to $2.5 million in charitable funded food purchases in 2017 and more than $26 million to date.
In addition, Sitt is a licensed Emergency Medical Technician in New Jersey. He has served with community ambulance service Deal First Aid Squad as a volunteer for more than 20 years.
Prior to joining JLL, Zeitoune, 31, served as broker with Hudson Real Estate Partners, where he represented tenants in office leasing transactions. Earlier, he was president of sales for a family-run business involved in the fashion industry.
He received a bachelor’s degree in economics from Baruch College. Zeitoune speaks Arabic, Hebrew and Spanish.He is a licensed real estate salespersonin the state of New York.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,400 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2016, the New York tri-state team completed approximately 28.2 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $12.0 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 146.7 million square feet.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
